FINANCIALS of Bharat Forge
Consolidated Balance Sheet
	Mar-22	Mar-21	Mar-20	Mar-19
EQUITIES AND LIABILITIES
SHAREHOLDER'S FUNDS
Equity Share Capital	93.13	93.13	93.13	93.13
Total Share Capital	93.13	93.13	93.13	93.13
Reserves and Surplus	6,477.55	5,321.99	5,126.61	5,282.93
Total Reserves and Surplus	6,477.55	5,321.99	5,126.61	5,282.93
Total Shareholders Funds	6,570.67	5,415.12	5,219.74	5,376.06
Minority Interest	56.08	31.7	31.99	29.84
NON-CURRENT LIABILITIES
Long Term Borrowings	1,787.34	2,217.17	1,874.73	1,678.52
Deferred Tax Liabilities [Net]	288.92	234.58	131.08	270.21
Other Long Term Liabilities	615.63	569.25	165.72	44.51
Long Term Provisions	176.07	192.31	172.18	134.29
Total Non-Current Liabilities	2,867.96	3,213.30	2,343.71	2,127.53
CURRENT LIABILITIES
Short Term Borrowings	3,867.20	2,362.59	2,003.63	2,094.33
Trade Payables	1,631.37	1,206.84	1,030.93	1,366.44
Other Current Liabilities	524.02	840.02	834.33	575.49
Short Term Provisions	91.65	108.28	98.51	72.56
Total Current Liabilities	6,114.22	4,517.73	3,967.39	4,108.82
Total Capital And Liabilities	15,608.93	13,177.84	11,562.84	11,642.23
ASSETS
NON-CURRENT ASSETS
Tangible Assets	4,750.31	4,700.08	3,939.75	3,561.19
Intangible Assets	69.04	17.55	25.27	28.52
Capital Work-In-Progress	1,124.76	900.11	1,142.68	830.68
Fixed Assets	5,944.10	5,617.75	5,107.70	4,420.39
Non-Current Investments	695.73	529.58	551.94	983.36
Deferred Tax Assets [Net]	117.11	90.07	80.42	63.96
Long Term Loans And Advances	16.96	25.28	50.56	18
Other Non-Current Assets	853.43	668.4	464.19	582.73
Total Non-Current Assets	7,677.98	6,963.40	6,291.79	6,103.33
CURRENT ASSETS
Current Investments	1,908.02	2,077.18	1,066.08	540.3
Inventories	2,710.46	1,793.94	1,734.70	1,844.67
Trade Receivables	2,162.30	1,409.58	1,493.85	2,147.84
Cash And Cash Equivalents	603.02	472.86	575.11	475.46
Short Term Loans And Advances	16.68	2.84	5.17	2.77
OtherCurrentAssets	530.49	458.04	396.14	527.86
Total Current Assets	7,930.96	6,214.44	5,271.05	5,538.90
Total Assets	15,608.93	13,177.84	11,562.84	11,642.23
OTHER ADDITIONAL INFORMATION
CONTINGENT LIABILITIES, COMMITMENTS
Contingent Liabilities	1,201.10	1,323.64	820.45	1,118.52
BONUS DETAILS
Bonus Equity Share Capital	55.24	55.24	55.24	55.24
NON-CURRENT INVESTMENTS
Non-Current Investments Quoted Market Value	0	0	0	178.31
Non-Current Investments Unquoted Book Value	0	291.1	287.76	805.05
CURRENT INVESTMENTS
Current Investments Quoted Market Value	0	0	0	50.53
Current Investments Unquoted Book Value	1,605.20	1,650.90	1,009.09	489.77
Consolidated Profit & Loss account
	Mar-22	Mar-21	Mar-20	Mar-19
INCOME
Revenue From Operations [Gross]	9,897.97	6,079.27	7,662.55	9,610.32
Less: Excise/Sevice Tax/Other Levies	0	0	0	0
Revenue From Operations [Net]	9,897.97	6,079.27	7,662.55	9,610.32
Other Operating Revenues	563.11	256.99	393.29	535.41
Total Operating Revenues	10,461.08	6,336.26	8,055.84	10,145.73
Other Income	195.9	168.9	187.86	202.79
Total Revenue	10,656.98	6,505.16	8,243.71	10,348.53
EXPENSES
Cost Of Materials Consumed	4,617.58	2,480.09	3,118.66	4,238.61
Purchase Of Stock-In Trade	188.31	173.72	405.53	351.1
Changes In Inventories Of FG,WIP And Stock-In Trade	-589.93	-19.65	52.34	-375.37
Employee Benefit Expenses	1,464.68	1,071.06	1,195.46	1,246.30
Finance Costs	160.41	107.73	171.33	127.22
Depreciation And Amortisation Expenses	730.3	612.16	547.72	520.79
Other Expenses	2,764.50	1,769.31	2,169.15	2,629.53
Total Expenses	9,335.85	6,194.41	7,660.18	8,738.17
Profit/Loss Before Exceptional, ExtraOrdinary Items And Tax	1,321.13	310.75	583.53	1,610.36
Exceptional Items	92.41	-306.23	-78.92	0
Profit/Loss Before Tax	1,413.53	4.52	504.61	1,610.36
Tax Expenses-Continued Operations
Current Tax	352.96	90.66	183.36	574.27
Deferred Tax	-49.51	10.86	-70.9	-7.88
Total Tax Expenses	303.45	101.51	112.46	566.39
Profit/Loss After Tax And Before ExtraOrdinary Items	1,110.08	-96.99	392.15	1,043.97
Profit/Loss From Continuing Operations	1,110.08	-96.99	392.15	1,043.97
Profit/Loss For The Period	1,110.08	-96.99	392.15	1,043.97
Minority Interest	4.7	0.59	0.59	-0.42
Share Of Profit/Loss Of Associates	-33.02	-29.97	-42.9	-11.38
Consolidated Profit/Loss After MI And Associates	1,081.76	-126.38	349.83	1,032.17
OTHER ADDITIONAL INFORMATION
EARNINGS PER SHARE
Basic EPS (Rs.)	23	-3	8	22
Diluted EPS (Rs.)	23	-3	8	22
DIVIDEND AND DIVIDEND PERCENTAGE
Equity Share Dividend	69.84	0	279.35	232.79
Tax On Dividend	0	0	54.18	47.85
Cash Flow			in Rs. Cr.
	Mar-22	Mar-21	Mar-20
Net Profit/Loss Before Extraordinary Items And Tax	1,395.94	414.91	592.59
Net Cash Flow From Operating Activities	275.45	813.74	1,376.66
Net Cash Used In Investing Activities	-248.68	-1,129.95	-729.34
Net Cash Used From Financing Activities	74.73	368.49	-619.74
Foreign Exchange Gains / Losses	0.36	0	0
Net Inc/Dec In Cash And Cash Equivalents	101.86	52.28	27.58
Cash And Cash Equivalents Begin of Year	275.91	223.63	196.05
Cash And Cash Equivalents End Of Year	377.77	275.91	223.63

1. There are many types of incomes given in income statements. Which one is the most important income to analyse the financial performance of the company.

2. There are different kinds of profits calculated in the above statements. Explain and Compute Cash Operating Profit (EBITDA), Operating Profit(EBIT) and Profit for Equity shareholder(PAT) for the last five years and compute the yearly growth.

3. Compute different profits computed above as percentage of operating revenues for the last five years and analyse.

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4. Compute the percentage of owners equity(shareholder fund) and debt in total assets (non current liabilities + current liabilities) of the company for the last five years and comment.

=?

=?

=

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5. Compute return to the shareholders (ROE) for the last 3 years.

Return on Equity =

Average shareholders fund =

6. Compute the liquidity ratios for the last 5 years and comment

Current ratio =

Quick asset ratio = (quick assets = current assets inventories)

Cash & bank balance to current assets ratio =

7. Explain, compute and comment on the efficiency ratios for the last 3 years.

Fixed asset turnover ratio= =

Inventory turnover ratio = =

Working capital turnover ratio = =

(working capital = current assets current liabilities)

EBITDA Operating Revenue EBITDA Operating Revenue EBITDA Operating Revenue Shareholder'sfund Total assets Non current libilities Total assets Non current liabilities+current libilities Total assets Total debt Shareholder' funds profit after tax average share holder's fund (Opening shareholder'sfund + closing shareholder'sfund) current assets current liabilty quick assets current liabilities Cash \& bank balance current assets net operating income average non current assts net operating income average inventory net operating income average working capital